Keynes's General Theory for Today: Contemporary Perspectives

Description

The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard. Illustrating new ways of understanding the importance of uncertainty in macroeconomics, particularly in view of the importance of finance and balance of payments imbalances within a monetary union, this book will prove a stimulating and challenging read for academics, researchers and students of macroeconomics, heterodox economics, and the methodology and history of economic thought.

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Contents

Contents: Proceedings from 5th Post-Keynesian 'Dijon-Conference', Roskilde, May 2011 Volume One: Keynes's 'The General Theory' for Today: Relevance and Perspective Introduction by Jesper Jespersen and Mogens Ove Madsen 1. Invited lecture: The General Theory: A Neglected Work?! By Dr. Mark Hayes, Robinson College, Cambridge 2. Invited lecture: The Final Death and Next Life of Maynard Keynes: Prospects for the US Economy by James Galbraith 3. The Crisis in Macro and the Limitations of the Economics of Keynes - or Why the Master will not Return Unless his General Theory is Dressed up in Neo-modern Clothes, Teodoro Dario Togati, Universita di Torino 4. Keynes on Method: Is Economics a Moral Science?, Michael Laine 5. A New Methodological Approach to Economic Theory: What I Have Learnt from 30 years of Research on Keynes, Anna Carabelli, Universita del Piemonte Orientale 6. Keynes's Early Recognition and Use of the Concept of Time, Mogens O. Madsen, Aalborg University 7. When Keynes and Minsky is Meeting Mandelbrot - Uncertainty in a Non-Ergodic System, Stefan Voss 8. Keynes's General Theory After 75 years - Time to Re-read and Reflect, Jesper Jespersen, Roskilde University 9. The General Theory After the Sub-prime Crisis. A Minskyan Perspective, Elisabetta De Antoni, University of Trento 10. What is Keynes' View in Financing Economic Growth? The Role of Capital Markets in the Process of Funding, Noemi Levy-Orlik, UNAM, Mexico 11. Nothing Learned from the Crisis? [Some remarks on the Stability Programmes, 2011-14 undertaken by the Euro area government], Gregor Semieniuk, Till van Treeck and Achim Truger 12. European Economic Policy and the Problem of Current Account Imbalances: The Case of Germany and Spain, Jorge Uxo, Jesus Paul and Eladio Febrero